Press release
What's Driving the Lead Acid Battery Market Growth? Enersys, Exide Technologies, Mutlu Batteries, Amara Raja, Crown Battery
Lead Acid Battery Market
DEC Research forecasts the Lead Acid Battery Market to grow from 50 Billion (USD) in 2017 to 75 Billion (USD) by 2024, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.
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In 2017, Europe lead acid battery market surpassed annual shipments of 90 million units. Ongoing investments across renewable and green power generation and material handling equipment will drive industry growth. Lead storage batteries has served to attain the European Union's target to limit greenhouse emissions through its applications across renewable integration to the grid, start-stop functions in hybrid vehicles and regenerative braking.
Leading Key Players in Lead Acid Battery Market are:
Johnson Controls, GS Yuasa, East Penn Manufacturing Company, C&D Technologies, Inc., Koyo Battery, Leoch International Technology Limited, Zibo Torch Energy Co. Ltd, B.B Battery, Fengfan Co. Ltd, Hoppecke Batteries, Inc., Coslight Technology International Group Co. Ltd., THE FURUKAWA BATTERY, First National Battery, Shandong Sacred Sun Power Sources Co. ltd., Chaowei Power, Middle East Battery Company (MEBCO), Enersys Inc., NorthStar Battery Company LLC., Exide Technologies
China lead acid market is anticipated to grow over 5% by 2024. The business growth is primarily attributed to the adoption of energy storage expansion policies and large domestic e-bike market. For instance, the government of China under its 2016-2020 Five Year Plan, promotes the adoption of distributed generation facilities, which will boost the product demand across the country. As per China Energy Storage Alliance, in 2016 lead-based batteries constituted over 69% of new installations across distributed generation and microgrid applications.
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SLI Lead acid market will witness strong growth on account of growing automobile sales across developing economies, driven by their strong economic growth and increased purchasing power. Growing adoption of advanced lead storage batteries across micro hybrid vehicles in order to minimize the emissions will further enhance the industry outlook. For instance, in 2017 as per the Battery Council International, lead storage batteries were being used in over 99% of the cars across Europe.
VRLA battery market is set to witness growth on account of the product's high-power performance and technical superiority across various application segments. Additionally, the increasing need for enhanced performance energy storage solutions for regenerative braking applications and start-stop vehicles will boost the product adoption. Minimal maintenance and safe handling ability will further enhance the product deployment across the industry.
Table of content:
Chapter 4 Lead Acid Battery Market, By Application
4.1 Lead acid battery market share by capacity, 2017 & 2024
4.2 Stationary
4.2.1 Global market from stationary, 2013 - 2024
4.2.2 Global market from stationary, by region, 2013 - 2024
4.2.3 Telecommunications
4.2.3.1 Global market from telecommunications, 2013 - 2024
4.2.3.2 Global market from telecommunications, by region, 2013 - 2024
4.2.4 UPS
4.2.4.1 Global market from UPS, 2013 - 2024
4.2.4.2 Global market from UPS, by region, 2013 - 2024
4.2.5 Control & Switchgear
4.2.5.1 Global market from control & switchgear, 2013 - 2024
4.2.5.2 Global market from control & switchgear, by region, 2013 - 2024
4.2.6 Others
4.2.6.1 Global market from others, 2013 - 2024
4.2.6.2 Global market from others, by region, 2013 - 2024
4.3 Motive
4.3.1 Global market from motive, 2013 - 2024
4.3.2 Global market from motive, by region, 2013 - 2024
4.4 SLI
4.4.1 Global market from SLI, 2013 - 2024
4.4.2 Global market from SLI, by region, 2013 - 2024
4.4.3 Automobiles
4.4.3.1 Global market from automobiles, 2013 - 2024
4.4.3.2 Global market from automobiles, by region, 2013 - 2024
4.4.4 Motorcycles
4.4.4.1 Global market from motorcycles, 2013 - 2024
4.4.4.2 Global market from motorcycles, by region, 2013 - 2024
You may also like our other trending report SLI Battery Market https://www.prnewswire.co.uk/news-releases/world-sli-battery-market-value-to-cross-47-billion-by-2025-global-market-insights-inc--825674829.html
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